Datavault AI (NASDAQ: DVLT) announced it has entered into a definitive agreement with certain institutional investors for the purchase and sale of 109,090,910 shares of common stock in a registered direct offering expected to generate approximately $60.0 million in gross proceeds. The company said proceeds will support deployment of its quantum-ready graphics processing unit edge network, including build-out and equipment, as well as working capital and general corporate purposes, with closing expected on or about May 5, 2026, subject to customary conditions.

To view the full press release, visit https://ibn.fm/GobZP

About Datavault AI

Datavault AI(TM) (NASDAQ:DVLT) is a Philadelphia-based artificial intelligence and data infrastructure company building enterprise-grade computing platforms for high-performance data processing, edge GPU deployment, and quantum-ready network architectures. The Company’s quantum-ready edge GPU fleet, running on Available Infrastructure’s SanQtum AI platform, delivers distributed GPU infrastructure across U.S. metropolitan markets, supporting AI inference workloads, real-time data analytics, and secure enterprise computing for customers across financial services, sports, media, and life sciences.

Through its Acoustic Sciences and Data Science divisions, Datavault AI develops patented technologies and applications, including WiSA(R), ADIO(R), and Sumerian(R) acoustic infrastructure and a portfolio of data-licensing and analytics solutions. The Company also operates platforms supporting digital asset licensing and data-monetization workflows for enterprise clients.

Datavault AI is headquartered in Philadelphia, Pennsylvania, with operations supporting customers across North America.

NOTE TO INVESTORS: The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT

About AINewsWire

AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness.

AINW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit www.AINewsWire.com

Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer

AINewsWire
Austin, Texas
www.AINewsWire.com
512.354.7000 Office
Editor@AINewsWire.com

AINewsWire is powered by IBN

This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is AINewsBreaks – Datavault AI Inc. (NASDAQ: DVLT) Announces $60 Million Registered Direct Offering.